I don’t want to spend too much time on what you already know: It was a crazy week in the market. I’ll let this chart tell the story: (Monday the S&P 500 fell -1.22%... Tuesday it jumped 1.56%…. Wednesday it plummeted -2.96%.. Thursday the market was flat.....
Next week is a fairly light week on the economic calendar, but we can’t rule out the possibility of unexpected news rocking the market… possibly even between now and Monday’s opening bell.
Here are a couple of fun Trade of the Day stats from July: 19 potential winners for the month; average max return of 53%… a day; 5 trades with triple-digit profit potential; max profit potential on a single trade: 215%.
Many traders plan to sit on the sidelines today, as no one wants to get caught on the wrong side of the Fed announcement. But not me!
It is impossible to say whether the market will continue to climb a wall of worry or will turn lower. All I know is that I’ll be ready when the next downturn happens.
Next week is likely to be an interesting one with the Fed set to meet and earnings season continuing in force, including Apple’s announcement on Tuesday. Here’s how I can help you navigate it.
Today, I want to cover another tactic I use to lead people to double- and triple-digit gains in a matter of minutes or hours.
Given that we’re in the longest-running bull market in history, this seems like the perfect time to tell you what’s so special about the inverse head-and-shoulders pattern.